Auto insurance companies determine premium rates based on statistics. Statistics are used to help companies properly rate a risk by calculating the probability of loss. For instance, vehicles used for work have a higher probability of becoming involved in accidents than vehicles that are used for pleasure since it spends more time on the road and may be in constant commute.An example of a higher risk is a vehicle that is constantly surrounded by potential hazard. A pleasure vehicle that is rarely used is less of a risk to insure and allows for a lower premium. Premiums are also based on factors such as location since highly congested areas are subject to more accidents; therefore, the insurer will issue a higher premium for that area in order to make up for the high probability of claims.A carrier will rate a policy highly on driving experience. The statistics clearly show ...

My friends home got broken into and car keys were stolen and with that stole the vehicle. The vehicle only had liability insurance. Now both homeowners and auto insurance are telling them that they won't pay for that loss. Is this correct in any way? The vehicle has a value of $7K. Would obtaining an attorney be helpful? ...

only cover catastrophic loss. Can you imagine what your auto insurance would cost if you made a claim every time you got a flat or a tune up ? Or what your home owners insurance would cost if you made a claim every time a light bulb burned out or you wanted your carpet cleaned ? Maybe that's the reason medical insurance premiums are so high ? ...

Auto insurance with optional coverage is required to meet the vast expense of money involved in accidents. In California, auto insurance for drivers is required by the law. Through the best California auto insurance, a driver or car owner gets proper protection against liability for bodily injury and other property damages.The primary consideration in choosing the best California auto insurance is the insurance price. An inflated insurance rate will increase expenses and may prevent you from purchasing a new car. The best California auto insurance offers good coverage at an affordable rate. It offers comprehensive service over inopportune auto incidents, fire, theft and natural disasters. In addition, the best auto insurance has the credit for handling all types of auto claims fairly and quickly, and shows good financial stability of A+ or above. The best California auto insurance is capable of covering almost all insurance aspects, including the liability ...

I need to renew my auto insurance, witch auto insurance co. are good or bad and why. ...